Tax Treaty News: January 2016
Czech Republic and Kazakhstan On 28 January 2016, Kazakhstan's Senate adopted a law approving the amending protocol of income and capital tax treaty with Czech Republic that was signed on 24 November 2014. China and Russia On 26 January 2016,
See MoreUnited States: ADD/CVD Roundup for January 2016
Following table shows the Federal Register notices related to ADD/CVD cases for January 2016 in United States. Country Product Investigations Case Number Details Australia Certain Uncoated Paper Final Determination of Sales at Less Than Fair
See MoreTransfer Pricing Brief: December 2015
Mexico: Financial Services: Interest-accruing debts incurred in constructing, operating or maintaining production infrastructure linked to strategic areas in Mexico will not subject to the thin capitalization rules. Base Erosion and Profit
See MoreTax Treaty News: December 2015
Sweden and United Kingdom On 31 December 2015, the income tax treaty between Sweden and United Kingdom was entered into force. From this date, the new treaty replaced the existing DTA of 1983. Japan and Qatar On 30 December 2015, the income tax
See MoreWorld Tax Brief: December 2015
Australia GAAR: The Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015 received Royal Assent on 11 December 2015. The Bill implements a new anti avoidance rule designed to counter the erosion of the Australian tax base by
See MoreUnited States: ADD/CVD Roundup for December 2015
Following table shows the Federal Register notices related to ADD/CVD cases for December 2015 in United States. Country Product Investigations Case Number Details Australia Certain Hot-Rolled Steel Flat Products Antidumping and Countervailing
See MoreUnited States: ADD/CVD Roundup for November 2015
Following table shows the Federal Register notices related to ADD/CVD cases for November 2015 in United States. Country Product Investigations Case Number Details Australia Certain Hot-Rolled Steel Flat Products Postponement of Preliminary
See MoreWorld Tax Brief: November 2015
Spain Main Corporate tax rate: The corporate income tax rate will be reduced from 28% to 25% from January 2016. Following Companies also are not required to file tax returns for taxable periods commencing on or after 1 January 2016 if: i) their
See MoreTax Treaty News: November 2015
Hungary and Iran On 30 November 2015, an income tax treaty between Hungary and Iran was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Tehran. Japan and Taiwan On 26 November
See MoreTransfer Pricing Brief: November 2015
Greece: Documentation requirement: Transfer pricing documentation requirements as set out by the Income Tax Code and the Procedural Code do not apply in respect of transactions made by real estate investment companies as per the clarification
See MoreTax Treaty News: October 2015
Czech Republic and Pakistan On 30 October 2015, the income and capital tax treaty between Czech Republic and Pakistan was entered into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreTransfer Pricing Brief: October 2015
UK: CbC reporting requirement: UK has published draft Regulations in relation to Country by Country (CbC) reporting, along the lines of the recommendations made in the OECD action plan on base erosion and profit shifting (BEPS). The Regulations
See MoreWorld Tax Brief: October 2015
Denmark Dividends: The Danish Minister of Taxation published a draft bill on 5 October 2015. This draft bill planned to relax the taxation of certain categories of outbound and inbound dividends in order to comply with European Union (EU)
See MoreUnited States: ADD/CVD Roundup for October 2015
Following table shows the Federal Register notices related to ADD/CVD cases for October 2015 in United States. Country Product Investigations Case Number Details Brazil Certain Hot-Rolled Steel Flat Products Postponement of Preliminary
See MoreTax Treaty News: September 2015
Andorra and Portugal On 27 September 2015, an income tax treaty between Andorra and Portugal was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in New York. Estonia and
See MoreUnited States: ADD/CVD Roundup for September 2015
Following table shows the Federal Register notices related to ADD/CVD cases for September 2015 in United States. Country Product Investigations Case Number Details Argentina Lemon Juice Countervailing Duty Order, Finding, or Suspended
See MoreTransfer Pricing Brief: September 2015
Ukraine: Comparable uncontrolled price method (“CUP”): As per the new law which came into force from August 11 2015, taxpayers are allowed to use Comparable Uncontrolled Price (“CUP”) method only with reference to the prices on the
See MoreWorld Tax Brief: September 2015
Australia Sanctions for tax evasion: The Government of Australia announced double the maximum administrative penalties that can be applied by the Commissioner of Taxation to large companies that enter into tax avoidance and profit shifting
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